Lokesh Gupta
04-06-2024
#Bitgert introduced its native token, BRISE coin, in 2021, adhering to the BRC-20 standard within the Bitgert ecosystem.
After its launch, $BRISE experienced remarkable growth, hitting its peak in March 2022, achieving an impressive 5400% increase.
Despite the initial surge, $BRISE faced a significant setback, plummeting by approximately 94% from its ATH and touched the low of $0.00000012 in October .
Currently, Bitgert's price movement suggests a phase of consolidation, characterized by small candle bodies, indicating an accumulation zone.
Examination of the daily chart reveals BRISE trading within a Descending Triangle pattern.
If the pattern's trendline is breached, Bitgert's price may reach $0.0000004500 by month-end, possibly extending to $0.0000008000.
As per Coingabbar analysis, Conversely, if the downtrend persists, #Bitgert might revisit a crucial support level at $0.0000001200 within the next week.
Breaching this support level could mark a new all-time low for Bitgert, suggesting further downside potential.
KEY LEVELS :
RESISTANCE LEVEL : $0.0000004500-$0.0000008000
SUPPORT LEVEL : $0.0000001200-$0.0000000400
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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